South Korea fines Bithumb for sharing user data overseas without consent
The Block·
60-second summary
South Korea fines Bithumb roughly $136,000 for sharing user data overseas without consent, violating personal information protection rules. This penalty marks a significant enforcement action against a major cryptocurrency exchange in South Korea, underscoring the country's strict stance on data protection. The industry implication is heightened scrutiny of data handling practices.
South Korea ordered Bithumb to pay roughly $136,000 in penalties for violating personal information protection rules.